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Author: Matt1344 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 278  
Subject: Air Pollution Control Orders Totaling $3.5 MM Date: 1/29/2009 11:27 AM
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http://finance.yahoo.com/news/Fuel-Tech-Awarded-Multiple-prn...

"Press Release Source: Fuel Tech, Inc.

Fuel Tech Awarded Multiple Air Pollution Control Orders Totaling $3.5 Million; Includes First NOxOUT(R) Project in Canada

* Thursday January 29, 2009, 7:00 am EST
WARRENVILLE, Ill., Jan. 29 /PRNewswire-FirstCall/ -- Fuel Tech, Inc. (Nasdaq: FTEK - News), a world leader in advanced engineering solutions for the optimization of combustion systems in utility and industrial applications, today announced receipt of multiple air pollution control contracts totaling $3.5 million. Principal among these were two orders for NOxOUT® Selective Non-Catalytic Reduction (SNCR) systems, the first by a Canadian electric utility for an existing coal-fired unit, with start-up expected later this quarter, and the second by a French customer for turnkey installation on three municipal solid waste (MSW) incinerators, with start-up scheduled to commence during the fourth quarter.

In addition to these initiatives, contracts were secured from a Korean client for modeling and related services; a British customer for physical and computational modeling of a Selective Catalytic Reduction (SCR) system; and a U.S. glass manufacturer for the Company's recently introduced "mini-SCR" system. A number of supplemental equipment orders were also received for previously announced projects, including NOxOUT ULTRA® systems in China.

"We are very pleased to be adding this Canadian utility to the ranks of Fuel Tech's air pollution control clients," commented John F. Norris Jr., President and Chief Executive Officer. "This announcement represents our first air pollution control project in Canada and, as such, we hope to build on this initiative where appropriate."

Mr. Norris continued, "We are also delighted to be announcing new business in France, where all municipal solid waste incinerators will be required to control NOx emissions by the end of 2009. Efforts to secure new MSW business in France and elsewhere in Europe are ongoing."

Mr. Norris concluded, "As regards the mini-SCR system, this contract represents our second such order from this customer, with discussions underway for additional applications."

About Fuel Tech

[...]"


Regards, Ken (Long FTEK)
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